XRP/USDT – 30M – SELLThe currency pair jumps from the bullish trendline down.
A descending movement down to the next support at 0.580000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.605300000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.584111 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.605300000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.631000000 |
| 2nd High | 0.612800000 |
| Next High | 0.605300000 |
| Current Price | 0.592300000 |
| Next Low | 0.580000000 |
| 2nd Low | 0.576300000 |
| 3rd Low | 0.562000000 |